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Debt. that means we've cut off russia's government from western finance. it can no longer raise w money from the west and cannot trade in its new debt on our markets or european markets starting tomorrow and continuing in the days ahead. we'll also impose sanctions on russian elites and their family members. they sharelead in the corrupt ge of the kremlin policies and should share the pain as well because of russia's actions, we work w with germanya to ensure nord stream two willen not, as i promised, will not move forward. so let's put aside the question of why you would ever want toio shut d...

Financing. it can no longer raise money from the west and cannot trade in its new debt on our markets over european markets either. >> u.s. officials remain clear-eyed that putin has already taken a decision to invade as evidenced by the duma vote today allowing him to use russian troops outside russia. the ukrainian foreign minister arrived to meet today to demonstrate unity. >> as we meet today, russia's latest invasion is threatening the peace and security and prosperity of ukraine. >> that world "invasion" is significant. there's no more debate about minor incursions. the u.s. and nato all...

Independent states. so today, i'm announcing the first tranche of sanctions to impose costs on russia and in response to the actions yesterday. these have been closely correlated with our allies and partners and will continue to escalate sanctions if russia escalates. we are implementing full blocking sanctions, two large financial institutions. we are implementing comprehensive sanctions on russia's sovereign debt. that means we've cut off russia's government from western financing. it can no longer raise money from the west and cannot trade in its new debt on our markets are european markets...

Biden announced as you've been discussing sanctions to target putin's cronies, oligarchs and their families. he said it's just the first tranch suggesting putin can avoid more if he halts this invasion. >> we're implementing full blocking sanctions on two russian financial institutions. veb and their military bank. we're implements sanctions on russia's sovereign debt. that means that we have cut off russian government from western financing. they can no longer raise money from the west and cannot trade in its new debt on our markets or european markets either. >> u.s. officials believe that p...

Bank. we are implementing some sanctions on russia's sovereign debt. that means we cut off russia's government from western financing. it can no longer raise money from the west and cannot trade in its new dead on our markets are european markets either. >> in the coming days, the u.s. will impose additional sanctions on russia's elite and their families, people who, biden said, share in putin's corrupt gains. all of this is part of a coordinated move with european allies. today, the eu agreed to impose a first round of sanctions, and british prime minister, boris johnson, said the united king...